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anti-tax champion grover norquist last night told me he's keeping republicans to the no tax increase pledge they made decades ago. but should his party back away from that promise? joining me in his first interview since the election, reince priebus, chairman of the republican national committee. welcome back, mr. priebus. how are you? >> doing great, piers. how are you? >> you have been keeping your head below the paraput since the shellacking you guys took in the election. what is your reaction to the pretty poor defeat? >> well, i think that we got to look at everything that we're doing. i think that's what we have to do. i don't think you can draw any quick conclusions other than the fact that we lost and we know that. but i think in order to get back in the game, you've got to look at and do a full autopsy of what happened, what we did well, what we didn't do well, what we can do better in the next year with two governors' races coming up and two years later, then four years from now. so what we're going to do is we want to bring everyone together. leaders from across the countr
anti-tax champion grover norquist last night told me he's keeping republicans to the no tax increase pledge they made decades ago. but should his party back away from that promise? joining me in his first interview since the election, reince priebus, chairman of the republican national committee. welcome back, mr. priebus. how are you? >> doing great, piers. how are you? >> you have been keeping your head below the paraput since the shellacking you guys took in the election. what is...
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Nov 27, 2012
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when is a tax increase not really a tax increase. if you don't raise the top rate, if you were talking to the senator before, but you do cap deductions, for the wealthy, does that count as a tax increase? in my book it does count. would republicans then be able to say, well, we didn't raise the top rate? so i think what we see going on right now is a lot of theatrics, you see some republicans in the senate. and i would argue that the house republicans are the ones we really need to hear from, because they're the most dug in on the tax question. so you hear some republicans kind of saying, you know, that's a pledge that was 20 years ago, et cetera, et cetera. bottom line, wolf. you need to have entitlement reform and those spending cuts on the table and you need to have tax increases on the table. then they can all hold hands and jump off the cliff together. >> even though the styles that republicans are using to pedal their position right now seems to be shifting the substance of the position. seems to be pretty much the same as it's
when is a tax increase not really a tax increase. if you don't raise the top rate, if you were talking to the senator before, but you do cap deductions, for the wealthy, does that count as a tax increase? in my book it does count. would republicans then be able to say, well, we didn't raise the top rate? so i think what we see going on right now is a lot of theatrics, you see some republicans in the senate. and i would argue that the house republicans are the ones we really need to hear from,...
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that wasn't his tax policy. you can have financial problems from printing too much money and inflation under carter, not just high tax rates but inflation. if buffet goes back and looks at how the kennedy years did after the marginal tax rate cuts and the reagan years, he'd understand that economic growth -- you know, he says he made a lot of money selling bonds. the question is how many money the people who invested in those bonds made, we need economic growth and not higher taxes. if the government taking a dollar aaway, that dollar is not available to be invested. the return on that dollar is zero. for buffet to not understand if you take money out of the economy it's gone is a little bit odd. he's willing to write it. if he wants to write a check, he should write a check and shut up about what everyone else should do. >> the richest guy in america things he should make more taxes. >> then do so. >> fwri in policies that make all people do that. grover as always combative fun and good to talk with you. a man
that wasn't his tax policy. you can have financial problems from printing too much money and inflation under carter, not just high tax rates but inflation. if buffet goes back and looks at how the kennedy years did after the marginal tax rate cuts and the reagan years, he'd understand that economic growth -- you know, he says he made a lot of money selling bonds. the question is how many money the people who invested in those bonds made, we need economic growth and not higher taxes. if the...
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Nov 26, 2012
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he says i would raise taxes if. then he lists this incredible list of reforms and entitlements that the democrats would never give him. i suggested, senator, you're offering to trade a tax increase for a pink unicorn that doesn't exist. >> you're saying this is never going to happen. because if a republican says, you know what, i am actually not going to go with the pledge that i have signed and i'm going to, you know, do this compromise and vote for that, would you then target that lawmaker? would you say, you know, you're lying. you changed your mind from the pledge. now i'm going to put the substantial weight and efforts of your organization to try to unseat that republican candidate? >> george hervert walker bush broke his commitment to the american people. i don't think the americans for tax reform even put out a press release. somehow the american people figured out he broke his commitment. he couldn't get 38% of the vote when he ran in a general. he didn't lose in a primary. he lost in a general election. rai
he says i would raise taxes if. then he lists this incredible list of reforms and entitlements that the democrats would never give him. i suggested, senator, you're offering to trade a tax increase for a pink unicorn that doesn't exist. >> you're saying this is never going to happen. because if a republican says, you know what, i am actually not going to go with the pledge that i have signed and i'm going to, you know, do this compromise and vote for that, would you then target that...
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we know an increase in the marginal tax rates, that's a tax increase. but what about capping deductions? from your standpoint of the pledge, would that be considered a violation of the pledge to cap deductions, as some republican lawmakers are now suggesting? >> this is not a trick question. the pledge says no raising rates, no broadening the base unless rates come down dollar for dollar. the pledge is only two sentences but they are very clear. one of the reasons why eliminating deductions and credits, obama wants a trillion plus dollars worth of tax increase that way, is that if you do that, you've just got a tax reform for decades to come, because how do you reduce marginal tax rates so we can become competitive in the world on the corporate and the individual side, if you have already given away to the appropriators and spenders all the deductions and credits. >> one final question, grover. it seems some liberals out there want to make this personal. more and more about you, about your role in encouraging these republicans by and large to support th
we know an increase in the marginal tax rates, that's a tax increase. but what about capping deductions? from your standpoint of the pledge, would that be considered a violation of the pledge to cap deductions, as some republican lawmakers are now suggesting? >> this is not a trick question. the pledge says no raising rates, no broadening the base unless rates come down dollar for dollar. the pledge is only two sentences but they are very clear. one of the reasons why eliminating...
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. >> his power comes from this tax pledge. the last thing that he can afford to see more republicans peel off. if they do, then he can't get the next person to sign that pledge. >> tomorrow on "starting point" we're going to be talking to race car driver danica patrick and star of "pretty little liars." cnn newsroom with carols can to casse tell low begins now. >>> horror in bangladesh. two giant clothing factories there go up in flames. they might have made the clothes that are in your closet right now. thousands of workers protest the deaths of their colleagues. were safety warnings ignored? >>> republican rebellion? lindsey graham the latest lawmaker to buck a powerful gop lobbyist and his anti-tax pledge. we'll have the view from the edge of the so-called fiscal cliff. >>> one of the most recognizable voices in hollywood lends his voice to a pro-same-sex marriage ad. >> freedom, justice and human dignity have always guided our journey toward a more perfect union. now across our country, we are standing together for the rig
. >> his power comes from this tax pledge. the last thing that he can afford to see more republicans peel off. if they do, then he can't get the next person to sign that pledge. >> tomorrow on "starting point" we're going to be talking to race car driver danica patrick and star of "pretty little liars." cnn newsroom with carols can to casse tell low begins now. >>> horror in bangladesh. two giant clothing factories there go up in flames. they might have...
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Nov 29, 2012
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top 1% pay almost half of the income tax. when the president says it's bad to raise taxes on everyone, that would be taxmageddon, then says i want to raise it on 40% of the nation's income. i think that is a big mistake. it is better to leave the money in the hands of those who earned it. leave it in the private sector. >> i understand you don't want to raise the tax rates on anyone rich or anyone. what about capping deductions, eliminating loopholes, stuff like that. are you open to that? >> yes, if it is for tax reform. if we were to lower rates. for example, i think you could lower the top rate from 35 to 33 and get more revenue and get rid of some deductions at the same time. but i'm not going to vote to bring more revenue to washington. i want less money coming to washington, less money spent up here. that's how you get the my to grow. we're not going to have more economic growth if we send more money to washington. we'll have less economic growth. >> if all the republicans hold firm to that position you just spelled out
top 1% pay almost half of the income tax. when the president says it's bad to raise taxes on everyone, that would be taxmageddon, then says i want to raise it on 40% of the nation's income. i think that is a big mistake. it is better to leave the money in the hands of those who earned it. leave it in the private sector. >> i understand you don't want to raise the tax rates on anyone rich or anyone. what about capping deductions, eliminating loopholes, stuff like that. are you open to...
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anytime you reform the tax code, you're going to want to do it in a way that stabilizes the tax base. you're creating a more reliable, sustainable base. that might mean some americans pay more, but that doesn't necessarily amount to a tax increase, what you're trying to do here is to stabilize the revenue stream. when you say it doesn't amount to a tax increase in the aggregate, that obviously is the center of this whole issue, especially when it comes to the pledge i know you signed with grover norquist. he said i'm okay with closing loopholes, but it has to be revenue neutral. but everyone knows to get a deal done, it can't be neutral. are you open to a deal that is not revenue neutral? >> what i'm open to is the idea of acknowledging the fact that we can bring in on average 18.5% of gdp through our revenue stream. that's what our tax system is capable of doing in the united states. that remains a constant. whether or top rate is at 35% as it is now or 75% as it was back in the early 1980s. that's a relative concept. what i want is for us to produce a steady stream of 18.5% rather t
anytime you reform the tax code, you're going to want to do it in a way that stabilizes the tax base. you're creating a more reliable, sustainable base. that might mean some americans pay more, but that doesn't necessarily amount to a tax increase, what you're trying to do here is to stabilize the revenue stream. when you say it doesn't amount to a tax increase in the aggregate, that obviously is the center of this whole issue, especially when it comes to the pledge i know you signed with...
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little less than that after taxes. talking to some of those folks who are dreaming big this morning. >>> she sold 100 million records and not stopping there. dio nne warwick joins us as she celebrates 50 years in the business. "starting point" begins right now. >>> good morning. welcome, everybody "starting point" team, ron brownstein, roland martin, host of "washington watch with roland martin." why do i laugh every time you do that? >> i always do it. >> and every time i laugh. will cain is from theblaze.com. you have to come up with something else. >> i'm trying to hook you up. >> not that, please. christine romans joins us with your business. >>> susan rice returns to capitol hill this morning, little more face time with republicans. she's hoping, probably, for better outcome than she had yesterday. elise labbott joins us with details. >> ambassador rice is certainly getting a chance to sharpen her diplomatic skills. mccain, graham and ayotte yesterday said they left their meetings with ambassador rice more concern
little less than that after taxes. talking to some of those folks who are dreaming big this morning. >>> she sold 100 million records and not stopping there. dio nne warwick joins us as she celebrates 50 years in the business. "starting point" begins right now. >>> good morning. welcome, everybody "starting point" team, ron brownstein, roland martin, host of "washington watch with roland martin." why do i laugh every time you do that? >> i...
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is he going to raise taxes on the middle class? is he going to raise taxes repeatedly? does he have some -- has he discovered the willingness to rein in spending? we haven't seen any plans. >> senator, let's talk about you, now. because a year ago when you were part of the super committee you did propose your own cut plan and revenue plan. >> right. >> this included closing loopholes. this included reducing deductions in taxes. you still support closing loopholes and reducing deductions? >> look, the concern that i have is that we are now just a few weeks away from a massive tax increase. and i am trying to find a way to avoid inflicting that damage on our economy and going through that. so, if we're going to have to have some kind of revenue increase, which this president seems determined to do, i would hope we could at least do it in the way that does the least economic harm. that means lower marginal rates, reform the tax code, offset the lost revenue by reducing deductions, write-offs, loopholes, that sort of thing, then, at least, you could hope that you'd have som
is he going to raise taxes on the middle class? is he going to raise taxes repeatedly? does he have some -- has he discovered the willingness to rein in spending? we haven't seen any plans. >> senator, let's talk about you, now. because a year ago when you were part of the super committee you did propose your own cut plan and revenue plan. >> right. >> this included closing loopholes. this included reducing deductions in taxes. you still support closing loopholes and reducing...
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any taxes. ever. >> i'm not obligated on the pledge, i made tennessee ans aware i am honoring the oath i take when i'm sworn in this january. >> that's one of the handful of republican lawmakers repudiating the pledge. he joins us shortly. i'll ask him to be more specific about whether that means higher tax rates for high incomes are on the table. something president obama campaigned and won re-election on. senator lindsey graham also breaking with norquist says no on higher tax rates, but is open to more tax revenue by limiting deductions. >> i will violate the pledge long story short for the good of the country only if democrats will do entitlement reform. >> another lawmaker who's breaking with the norquist agrees. >> i think everything should be on the table. i myself am opposed to tax increases, i'm not going to prejudge it, we should not be taking iron clad positions. >> late today in the situation room, republican kevin mccarthy, the house majority whip put a fresh spin on what seems to b
any taxes. ever. >> i'm not obligated on the pledge, i made tennessee ans aware i am honoring the oath i take when i'm sworn in this january. >> that's one of the handful of republican lawmakers repudiating the pledge. he joins us shortly. i'll ask him to be more specific about whether that means higher tax rates for high incomes are on the table. something president obama campaigned and won re-election on. senator lindsey graham also breaking with norquist says no on higher tax...
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i think it is a mistake, if it is bad to raise taxes on everybody, it is also bad to raise taxes on 40% of the income. better to leave it in the hands of the people who earned it, leave it in kentucky, and the private sector. >> i understand you don't want to raise taxes on rich, middle class, or anyone. but what about capping deductions, loopholes, stuff like that, are you open to that? >> yes, if it is part of tax reform. and that is why it is not going to happen in this. if we were to lower rates, for example, you could lower the top rate from 35 to 33 and actually get more revenue and get rid of some more deductions at the same time. but i'm not going to vote to bring more revenue to washington. i want less money coming to washington, less money spent up here. and that is how you get the economy to grow. we're not going to have more economic growth. if we send more money to washington, we'll have less economic growth. >> if all the republicans hold firm to that position, you just spelled out in significant detail, there is not going to be a deal, you know, between now and december 3
i think it is a mistake, if it is bad to raise taxes on everybody, it is also bad to raise taxes on 40% of the income. better to leave it in the hands of the people who earned it, leave it in kentucky, and the private sector. >> i understand you don't want to raise taxes on rich, middle class, or anyone. but what about capping deductions, loopholes, stuff like that, are you open to that? >> yes, if it is part of tax reform. and that is why it is not going to happen in this. if we...
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jump off the american for tax reform anti-tax bandwagon. sh chambliss says if we do it norquist's way, we'll continue in debt and i just have a disagreement about that. what does it mean for the fiscal cliff? one of three topics we want to talk about with our panel this morning. the other, there's been a war between israel and hamas, the cia director has resigned, and his ambassador to united nations has remained under fire. we'll also touch on black friday. joining me is anna navarro. good morning. >> good morning, carol. good morning. >> good morning. on to our first topic. is overover, anna? >> well, it sure has a nice ring to it. i say good job to chambliss. your pledge should be to your country, your god, your spouse. that's what it is. i come at this from the jeb bush school of thought. couple of months ago he was being asked about this in congress and he said you don't outsource your convictions. that's exactly the right thing to say and the right thing to think. you should act because that's how you want to act. not because you are
jump off the american for tax reform anti-tax bandwagon. sh chambliss says if we do it norquist's way, we'll continue in debt and i just have a disagreement about that. what does it mean for the fiscal cliff? one of three topics we want to talk about with our panel this morning. the other, there's been a war between israel and hamas, the cia director has resigned, and his ambassador to united nations has remained under fire. we'll also touch on black friday. joining me is anna navarro. good...
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no new taxes pledge. you said earlier in your career, you told cbs morning news earlier today and i'm quoting now, you said you're not obligated on the pledge adding the only thing that i'm honoring is the oath that i take when i'm sworn in this january. so what exactly did you mean by that? did you suggest, did you mean that under certain circumstances you'd be ready to accept an increase in tax rates for the wealthy? >> well, i was just elected, as you know, re-elected, and our campaign materials during the campaign spelled out that the only pledge i would be honoring would be the pledge of the oath of office that you make when you're sworn in. that's what my comments meant. look, i think republicans have shown a willingness to look at revenues as long as we have entitlement reform. those are the two ends of the spectrum, wolf. it appears that speaker boehner has been shown flexibility on revenues and the president on sbimgtsmentes. the point of my op-ed this morning in the "washington post," is look, i
no new taxes pledge. you said earlier in your career, you told cbs morning news earlier today and i'm quoting now, you said you're not obligated on the pledge adding the only thing that i'm honoring is the oath that i take when i'm sworn in this january. so what exactly did you mean by that? did you suggest, did you mean that under certain circumstances you'd be ready to accept an increase in tax rates for the wealthy? >> well, i was just elected, as you know, re-elected, and our campaign...
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the white house is saying, if these tax cuts go away for the middle class and taxes rise and the amt patch goes away and taxes rise on the middle class, it would dramatically slow growth in gdp next year and would mean $200 billion less in consumers' pockets. what is this right out of the white house report? this reduction of $200 billion is approximately four times the total amount of the 226 million shoppers they spent on black friday weekend last year. they're trying to show you just how important all that money is in the economy if you have those taxes rise on the middle class. it's really, john, the latest from the white house. it comes on the same day warren buffett writing in the "new york times" in an op-ed saying rich is $500,000 a year, and let's tax them. let's have a 30% minimum tax for the income above $1 million of rich people. look what he said here. the "forbes" 400, wealthiest individuals in america hit a new group record. $1.7 trillion, more than five times the $300 billion total in 1992. he says you know, my gang has done pretty well. so leave the middle class alon
the white house is saying, if these tax cuts go away for the middle class and taxes rise and the amt patch goes away and taxes rise on the middle class, it would dramatically slow growth in gdp next year and would mean $200 billion less in consumers' pockets. what is this right out of the white house report? this reduction of $200 billion is approximately four times the total amount of the 226 million shoppers they spent on black friday weekend last year. they're trying to show you just how...
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and tax cuts expire. that means you and me, you can keep one the news and analysis on the fiscal cliff by clicking on cnn.com. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. it's another reason more investors are saying... one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our e
and tax cuts expire. that means you and me, you can keep one the news and analysis on the fiscal cliff by clicking on cnn.com. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another...
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and if this fiscal cliff is allowed to happen on january 1, your taxes, my taxes, everybody's taxes go up. and on that point, let's continue. top of the hour, i'm brooke baldwin. i want to begin with the fiscal cliff. because other news here, you have republican senator saxby chambliss, a two-term conservative from the red state south, but just this past weekend, the tea party nation website labeled him, i'm quoting, worthless and a liar. what did he say to deserve these words? he said he's willing to break the no tax pledge that he made when he first ran for office. and guess what? now he has company. fellow republican senators lindsey graham and bob corker say that under the right circumstances, they too are willing to break ranks. what is the republican world coming to? john avalon, straight to you, cnn contributor, writer for daily beast newsweek. i want to get your reaction to the news we heard from jay carney, we now know the president has spoken by phone over the weekend with boehner and mcconnell. might this be progress? >> yes, it might be progress. that's a good thing. you go
and if this fiscal cliff is allowed to happen on january 1, your taxes, my taxes, everybody's taxes go up. and on that point, let's continue. top of the hour, i'm brooke baldwin. i want to begin with the fiscal cliff. because other news here, you have republican senator saxby chambliss, a two-term conservative from the red state south, but just this past weekend, the tea party nation website labeled him, i'm quoting, worthless and a liar. what did he say to deserve these words? he said he's...
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those making less than $250,000 a year, no tax increase for them. we can do it either through the rates or through the deductions in the code, you've given a good illustration. >> and what do you think about that senator warren. durbin making it clear he's -- there's a lot of different ways to get there. would you consider that? ways to raise money from the wealthy without raising rates? >> there are ways to get there. but i think a lot of this goes back to where you start the whole discussion from. you know, those of us who have worked on this for a long time, the simpson/bowles plan, which has gained a lot of attention, even our gang of six efforts, which we think improved upon the plan. we started with the rates going back up, you use that baseline and then you work down. you can then use some of these tax reform ideas to bring the rates back down, but you basically, we need, you know, on a ten year basis, more than $1 trillion of net new revenue as we think about some of the additional cuts we're going to have to make and some of the reforms to
those making less than $250,000 a year, no tax increase for them. we can do it either through the rates or through the deductions in the code, you've given a good illustration. >> and what do you think about that senator warren. durbin making it clear he's -- there's a lot of different ways to get there. would you consider that? ways to raise money from the wealthy without raising rates? >> there are ways to get there. but i think a lot of this goes back to where you start the whole...
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we are talking about reforming the tax code, raisinging tax rates. that's the only thing i say that i absolutely will not do. 258 members of congress, republicans all, have taken the pledge. only six are waffling. we're standing strong on that point. >> do you think that's a pledge with grover norquist, with your constituents? there are others saying they have room around the pledge. >> well, that's a great question you just asked me. is that a pledge to my constituents. absolutely. in 2002 -- and i was running in a tough primary and those folks back in marietta, georgia, said, phil, are you going to take the grover norquist, americans for tax reform pledge. i said, yes, i will take it. many would have voted for my opponent. that plenl, i honor that. it's a pledge to my constituents. absolutely. >> all right. you say your constituents don't want you to raise taxes on the rich. let me show you what an abc/washington post poll shows. 60% would support raising taxes on incomes over $250,000 per year. you wouldn't do that? >> i understand that their perc
we are talking about reforming the tax code, raisinging tax rates. that's the only thing i say that i absolutely will not do. 258 members of congress, republicans all, have taken the pledge. only six are waffling. we're standing strong on that point. >> do you think that's a pledge with grover norquist, with your constituents? there are others saying they have room around the pledge. >> well, that's a great question you just asked me. is that a pledge to my constituents. absolutely....
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no sales tax. local bookstores already under pressure by the rapid rise of ebooks and large bookstore chains felt particularly squeezed. michael tucker owns a chain of bookstores in san francisco. >> if you can save 10%, why wouldn't you? >> reporter: but amazon's tax advantage recently disappeared in california, adding 7% to nearly 10% to the cost of each order. it also began taxing in other states like pennsylvania and texas. online retailers collect tax only for states where they have a physical presence. now here in california, amazon is building two giant warehouses. including this one near los angeles. it's a million square feet, and for old fashioned retailers, it's another reason to worry. why? because amazon's goal is to get items to customers faster and to be able to offer same day delivery. that's right. you can avoid stores if you want and have a package delivered to your house in a matter of hours. a win for consumers, but tough for local retailers. >> if amazon creates distribution ce
no sales tax. local bookstores already under pressure by the rapid rise of ebooks and large bookstore chains felt particularly squeezed. michael tucker owns a chain of bookstores in san francisco. >> if you can save 10%, why wouldn't you? >> reporter: but amazon's tax advantage recently disappeared in california, adding 7% to nearly 10% to the cost of each order. it also began taxing in other states like pennsylvania and texas. online retailers collect tax only for states where they...
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they say, let's tax somebody else. if those taxes are going to small businesses creating jobs, we need to bet more people working. the other poll said people believe if they send more in taxes the government will spend it, much of it will be wasted and the dollar figures are so large it's hard to fathom the debt we have. it's $16 trillion. it's an incredible amount. we have added another trillion dollars in just the last year. we need to get spending under control. >> senator, you're talking about the importance to business tax rates. one guy who presumably knows something about business is the goldman sachs ceo. he met with president obama yesterday. then he went to talk with wolf blitzer who asked if he would support the president's plan of bringing the rates back up on the wealthiest americans. let's listen. >> if that's what it took to make the math work i wouldn't preclude that if the numbers drive that way. >> he says maybe a tax rate increase should be part of a deal. can't it be part of a deal? not the whole de
they say, let's tax somebody else. if those taxes are going to small businesses creating jobs, we need to bet more people working. the other poll said people believe if they send more in taxes the government will spend it, much of it will be wasted and the dollar figures are so large it's hard to fathom the debt we have. it's $16 trillion. it's an incredible amount. we have added another trillion dollars in just the last year. we need to get spending under control. >> senator, you're...
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taxes going up. taxes going up on the affordable care act. billions of dollars of taxes and fees. what's the four-year view look like? what's the plan look like? so let's look at the numbers. how much do we get from deductions? how much do we get from expenditures? how much more do we need? how much does obama care add? what is our growth rate? you know, we don't have a plan. >> yeah. >> and we're throwing these dollar numbers around like if they were nothing. >> i spoke with james clyburn, representative clyburn last hour, about the notion of raising tax rates on the wealthy and not where the president wants them. he said i want it higher. take a listen and then talk about it. >> we know where the president is. and that is 250,000. but there are a lot of democrats who voiced back before the campaign 500,000. some say even a million. all of that's going to be negotiated. the president wants 250. if mr. boehner wants to come and offer something different, i'm sure he'll do that but the president stands at 250. which is below even where i was but he won the election. >> do you think
taxes going up. taxes going up on the affordable care act. billions of dollars of taxes and fees. what's the four-year view look like? what's the plan look like? so let's look at the numbers. how much do we get from deductions? how much do we get from expenditures? how much more do we need? how much does obama care add? what is our growth rate? you know, we don't have a plan. >> yeah. >> and we're throwing these dollar numbers around like if they were nothing. >> i spoke with...
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that's how you can raise tax revenue without raising tax rates. although technically that goes against grover norquist's pledge. >> well, we've already put a plan out in the budget committee. as you said, i am a part of that budget committee. and we put out the fundamentals of that, where we would have a plan where we would have pro-growth tax reform, and that means something fairer, flatter and simpler, and a portion of that is to look at the deductions that right now really do benefit those in the upper income, and that we're willing to look at those, and to make sure that what we do does bring in more revenue by robust economy. >> and it wouldn't be a violation of a sort of a marriage vow to grover norquist. he has said that violating his pledge is somehow akin to, you know, violating your marriage vows. you don't -- your deal is with your constituents, not with grover norquist? >> that's right. that's exactly right. >> i want to talk a little bit about the debt ceiling because this is coming into play here. grover norquist, again, has written
that's how you can raise tax revenue without raising tax rates. although technically that goes against grover norquist's pledge. >> well, we've already put a plan out in the budget committee. as you said, i am a part of that budget committee. and we put out the fundamentals of that, where we would have a plan where we would have pro-growth tax reform, and that means something fairer, flatter and simpler, and a portion of that is to look at the deductions that right now really do benefit...
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> in syria ten children in a suburb outside dam afternooningus have become the latest victims in the ongoing violence. now, fighting has ripped this country apart. activists say more than 40,000 people now have been killed since the first pretest 20 months ago against the regime of president bashir al assad. nick payton walsh shows us what happens when bombs fall in, of all places, a playground. >> these disturbing images show what happens after a children's playground is hit, according to activists by a cluster bomb. refugees with nowhere else to hide apparently hit by a single deadly device dropped by a jet. some cluster bombs released smaller explosives to cause maximum devastat
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> in syria ten children in a suburb outside dam afternooningus have become the...
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otherwise taxes will go up and major taxes will be triggered. senators lindsey graham and saxby champ blins are suggesting they would be willing to break their no tax pledge to get a budget deal done. today is day six of the cease-fire between israel and hamas and delegations from both sides are in cairo to meet separately with representatives from egypt which helped broker the cease-fire along with the united states. hamas says the latest round of talks will focus on border crossings and easings of the economic blockade of gaza. >>> the bodies of a northern california couple have been recovered after they were swept out to sea trying to save their dog. the family was playing fetch with their dog north of eureka on saturday. the dog chased after a stick and got pulled into the ocean by eight to ten foot waves. the boy and his parents followed the dog into the water. >> horrible story. >> feeling lucky? no grand prize winner saturday night. the jackpot for wednesday's powerball drawing is up to $425 million. that number could go even higher depen
otherwise taxes will go up and major taxes will be triggered. senators lindsey graham and saxby champ blins are suggesting they would be willing to break their no tax pledge to get a budget deal done. today is day six of the cease-fire between israel and hamas and delegations from both sides are in cairo to meet separately with representatives from egypt which helped broker the cease-fire along with the united states. hamas says the latest round of talks will focus on border crossings and...
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you probably know this, it bears repeating here, you're opposed to raising any taxes, anyone's taxes, even some in his party are flirting with compromise on that issue. senator paul, welcome. thank you for joining me. >> good to be with you. >> you know, we did just get an update from the white house on the fiscal cliff negotiations. just take a listen to this, if you would. >> the president spoke with the speaker of the house as well as the senate majority leader over the weekend. he will continue to have discussions with those two leaders as well as leader pelosi and senator mcconnell in the days and weeks coming forward. i don't have a schedule for those conversations to provide to you, but he will speak with them and meet with them as appropriate. >> senator, all this talking, will you tell us, tell americans if you're in the loop, if you are privy, tell us who is talking to who in these fiscal cliff negotiations and where are the talks happening? >> you know, i'm not included in those talks. i've been talking with the folks in my state in kentucky, though, and they're not interes
you probably know this, it bears repeating here, you're opposed to raising any taxes, anyone's taxes, even some in his party are flirting with compromise on that issue. senator paul, welcome. thank you for joining me. >> good to be with you. >> you know, we did just get an update from the white house on the fiscal cliff negotiations. just take a listen to this, if you would. >> the president spoke with the speaker of the house as well as the senate majority leader over the...
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most of the money is coming from tax cuts, from letting the tax cuts expire. that's real money. the spending cuts, we really haven't seen yet. that's what republicans are looking for, is president obama going to tackle entitlement reform? that's where the real money is. >> and do you see -- does it seem as though there really is light at the end of the tunnel, that both sides are working really hard to beat this deadline, it's not just hyperbole but a real commitment to come to terms and answer to americans who spoke as loud as they could on election day? >> i think both sides are trying. but right now, if santa may bring us a budget deal, but he doesn't know if washington is going to be naughty or nice over these next 38 days. before this -- it's going to put a lot of pressure on the economy if we head over the fiscal cliff. we either have to fly or we fall. and if you let these budget -- tax increases expire, and if you get these automatic cuts, you're all of a sudden going to yank a lot of money out of the economy. what does that mean? it means a smaller, shrinking economy al
most of the money is coming from tax cuts, from letting the tax cuts expire. that's real money. the spending cuts, we really haven't seen yet. that's what republicans are looking for, is president obama going to tackle entitlement reform? that's where the real money is. >> and do you see -- does it seem as though there really is light at the end of the tunnel, that both sides are working really hard to beat this deadline, it's not just hyperbole but a real commitment to come to terms and...
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. >>> parents of a 7-year-old girl with leukemia gave her medical mare wa marijuana every day to cope with pain. some question whether or not it is the healthiest thing to do. we asked dr. sanjay gupta about it. >> the issue of safety will come up every time you talk about
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. you won't just find us online, you'll also find us in person, with dedicated support teams...
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no taxes. no taxes. but now simpson bowl, the republican and the democrat, two years ago they came up with a plan, it is now being talked about again. this is two years later. all these issues have been on the table for a very long time. so what is the hold up? is there still this intransigence that nobody can get past? >> well the real holdup in my estimation is this -- you cannot talk about dealing with our deficit, you cannot talk about how you run this country without talking about credible revenue. and if, in fact, you want to continue to give tax breaks to the richest people in this country, then you can't get started with a credible proposal for compromise. you've got to start there. and when that is done, then you can talk about entitlement and what can you do with a credible proposal to reduce entitlements? but you can't do that until you talk about how you're going to fund a defense and not increase revenue. with the cliff that we're faced with, we're talking about maybe a 50% reducti
no taxes. no taxes. but now simpson bowl, the republican and the democrat, two years ago they came up with a plan, it is now being talked about again. this is two years later. all these issues have been on the table for a very long time. so what is the hold up? is there still this intransigence that nobody can get past? >> well the real holdup in my estimation is this -- you cannot talk about dealing with our deficit, you cannot talk about how you run this country without talking about...
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let's talk about raising taxes, tax rights, so we can pay for eight or nine days more of federal government spending every year. what i'm saying is let's -- let's address the whole enchilada. >> i understand and i think -- >> we have to do some spending cuts. >> i understand. i think a lot of your colleagues would agree and we're starting to hear some of your other colleagues may be flirting with something that it sounds like you would not go along with. but nevertheless, let me back up here, your side is criticizing the president for going straight to the public here when you talk about the president's strategy, right, he's going to the public, meeting with middle class americans, meeting with ceos to make his case on this. you have speaker boehner. you have senate leader for your party mitch mcconnell. they're both saying, hang on, he needs to get in there and negotiate. but i want to point this out, congresswoman, let me point this out, this is from erskine bowles today. we talked about ad nauseam of the simpson/bowles debt committee and this is erskine bowles about to meet with the pres
let's talk about raising taxes, tax rights, so we can pay for eight or nine days more of federal government spending every year. what i'm saying is let's -- let's address the whole enchilada. >> i understand and i think -- >> we have to do some spending cuts. >> i understand. i think a lot of your colleagues would agree and we're starting to hear some of your other colleagues may be flirting with something that it sounds like you would not go along with. but nevertheless, let...
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there will be lots of tax provisions, including the payroll tax cut, to consider. >> alan krueger, the chairman of the council of economic advisers at the white house, alan, thanks very much for joining us. >> thanks very figure me, wolf. >>> secret confidential information revealed in the confetti at this year evenings macy's's thanksgiving day parade. find out what spectators discovered just ahead. stay with us. you're in "the situation room." . meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. until i show them this. the oral-b pro-health clinical brush. its pro-flex sides adjust to teeth and gums for a better clean. the pro-health clinical brush from oral-b. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duc
there will be lots of tax provisions, including the payroll tax cut, to consider. >> alan krueger, the chairman of the council of economic advisers at the white house, alan, thanks very much for joining us. >> thanks very figure me, wolf. >>> secret confidential information revealed in the confetti at this year evenings macy's's thanksgiving day parade. find out what spectators discovered just ahead. stay with us. you're in "the situation room." . meet the...
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it's still very popular to be anti-tax. but that's definitely the way things are moving. >> not enough to have a few moderate republicans and senate to do it, you need a whole lot in the senate and house. >> boehner doesn't need his whole republican caucus, he probably needs about 100 republicans. >> he can get 100, that would be pretty good from that perspective. thanks very much, ryan lizza. a popular comedy website names the north korean leader kim jong-un the sexiest man alive for 2012. you won't believe what country fell for the spoof. stay with us. you're in "the situation room." while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're am
it's still very popular to be anti-tax. but that's definitely the way things are moving. >> not enough to have a few moderate republicans and senate to do it, you need a whole lot in the senate and house. >> boehner doesn't need his whole republican caucus, he probably needs about 100 republicans. >> he can get 100, that would be pretty good from that perspective. thanks very much, ryan lizza. a popular comedy website names the north korean leader kim jong-un the sexiest man...